Tag Archive for: business insurance

Top Nine Questions Related to Workers’ Compensation Insurance

It is important, both as an employer and an employee, to understand what a workers’ compensation insurance is and how it can benefit you if an employee gets hurt on the job. Let’s take a look at the most frequently asked questions related to workers’ comp insurance.

  1. What is workers’ compensation insurance?

    Workers’ compensation insurance helps protect your company from any financial losses or litigations and covers your employees when they get injured on the job or get sick due to work-related causes. It is also commonly known as workmans’ compensation, workers’ comp, and workmans’ comp.

  2. What does workers’ compensation insurance cover?

    Workers’ comp mainly covers an employee’s medical expenses caused due to injuries or illnesses, ongoing care costs, lost wages, and funeral expenses in case the employee dies due to a work-related accident or illness.

  3. What is not covered by workers’ compensation insurance?

    In some situations, the insurer is not liable to pay for workers’ compensation, especially in cases of negligence on the employees’ part. Such instances include accidents caused due to negligence of an intoxicated employee, injuries sustained intentionally, etc.

  4. Who pays the workers’ compensation benefits?

    The insurance provider from whom the employer has purchased workers’ comp pays the benefits.

  5. What should an employee do if injured on the job?

    When an employee is injured on the job, they must report it to their supervisor immediately. The report should include the date, time, and circumstances of the injury. Work-related illnesses should be reported as soon as they have been diagnosed.

  6. How can I file a workers’ compensation claim?

    When an employee is hurt on the job, you must gather the injured employee’s details and details of the accident or illness. It is crucial to file a workers’ compensation claim as soon as possible, within the time frame that your state has imposed to report the claim to your insurer.

  7. How does workers’ compensation insurance work?

    Workers’ compensation insurance covers the lost wages of an employee off work while recovering from a work-related injury or illness. It also covers their treatment and ongoing care costs when they return to work.

  8. Is workers’ compensation insurance mandatory?

    Most states except Texas have made it compulsory for any employer with one or more employees to carry workers’ compensation insurance. Large companies may insure themselves, but they must strictly adhere to the state’s strict self-insurance requirements.

  9. How do I get workers’ compensation insurance?

    Depending on your requirements, you can choose to go with private insurance companies or state-funded workers’ compensation programs. It is vital to examine all the factors that determine the amount you pay for your policy, such as the number of employees, your payroll size, the type of work your employees will be doing, etc.

Contact our agents here at Chambers & Company Insurance Brokers to learn more. We will help you find the right workers’ comp insurance policy that best suits your requirements.

6 Types of Business Insurance Coverage That You Need


Why Do Businesses Need Insurance?

The importance of purchasing insurance coverage for your business cannot be overemphasized. Every business is at risk of suffering mishaps that threaten to hinder its continuance; hence, you must be well-protected at all times. Buying insurance for SMEs is a financially wise decision because growing businesses cannot afford to lose their assets. Business insurance covers you under several unanticipated circumstances, including theft, burglary, fire, adverse weather, and personal liability. Your provider pays a sum of money to repair or replace damaged or stolen properties and covers medical expenses should you or a visitor suffer any injuries while on your premises.

Here are the types of insurance coverage that every business must have in place for adequate protection:

Business Liability Insurance

Business liability insurance covers expenses incurred by third parties harmed by your work. Although your customers are most likely to experience harm if your products malfunction, innocent bystanders can also be affected. For example, if your business is using a propane tank and it explodes, having a fire and hazard insurance in place will protect your company’s assets from the resultant expenses. This coverage is non-negotiable in any business; it takes care of the legal expenses if you get sued for damages and hospital bills to treat the injured.

Workers’ Compensation

This policy provides financial coverage for injuries suffered by your employees during their course of work. This type of insurance is mandatory for all California employers. One of the benefits to employees is that this coverage gives them a sense of security and peace if injured at work. If they are injured and unable to work, workers’ compensation ensures that their families don’t have to suffer financial hardships until they are able to resume work.

Business Owners Policy (BOP)

A business owners policy (BOP) protects business owners against damages like fire, wind, vandalism, as well as business liability. This coverage is ideal for any smaller SME.

Commercial Auto

Commercial auto insurance or commercial vehicle insurance covers different vehicles used for business purposes. It does not cover personal vehicles that are used for business purposes. The coverage for this policy depends on the specifications of your business. Your policy can include damage to your vehicle, damage to other people’s property, and injury to others.

Commercial Property

Commercial property coverage. This policy protects your office building and business personal property against damages caused by natural disasters, fire, burglary, and vandalism. It helps prevent out-of-pocket costs for the replacement and repair of damaged or stolen goods or properties.

Commercial Umbrella

Commercial umbrella insurance is added liability protection for your enterprise. This policy kicks in after you have exceeded the coverage limit of your commercial liability policy. It has a significantly higher coverage limit than other policies and acts as excess coverage over an existing liability policy. Without an umbrella policy, you will have to pay out-of-pocket costs for liability claims that cost more than your liability coverage limits.

These are a few types of insurance coverage that you must have in place to protect your business. At Chambers & Company Insurance, our team of experts can help you get the right business insurance coverage to suit your unique needs. To learn more about how we can help protect your business in Camarillo, CA, contact us today!

Should You Use Independent Agent For Your Business Insurance Needs?

Independent Agent Business Insurance

Would your business benefit from an independent insurance agent?

Insurance can be a complicated purchase for business owners to make. After all, you’re buying a promise of protection that could potentially make or break your financial future. From knowing what coverage you need to assessing your budget, business owners need to know if they’re making the right choices about their coverage.

An independent insurance agent can step in to help you secure reliable coverage for your needs. Not only that, but he or she can ensure you’re getting the best value for your dollar, too.


Independent agents represent many different insurance companies that offer a wide variety of coverage options and price points. They are not limited by only choosing a policy from one provider. Instead, different packages, policies, and price points are in their reach. This means that there’s no need to fill out different online applications or accept one quote from one company! An independent agent can put their connections to use to find you the better value of coverage.


Stumped on industry jargon? Agents can explain the complexities of insurance in simple terms, helping you to make the best decision. They make a career out of assessing their customers’ insurance needs and matching them with the insurance carrier best equipped to meet those needs at a price that the client can afford. A licensed professional ensures that your business is properly protected!


They meet all of your insurance needs with the companies that they represent, providing auto, home, renters, and business coverage! This means that you only need to manage one stream of insurance instead of several different ones from various companies.

With so many benefits of an independent insurance agent, why not give your local agent a call? Contact Chambers & Company Insurance Brokers to learn about suitable coverage for your needs!

Your Small Business Guide to Avoiding Discrimination and Harassment in the Workplace

Harassment in the Workplace

Keep your business clear of discrimination and harassment in the workplace.

As an employer, you have the responsibility to maintain a workplace that is free of discrimination and harassment. Not only is this your legal obligation, but it also makes good business sense. If you allow prejudice and violations in the workplace, you will pay a high price in poor employee morale, low productivity, and lawsuits. Most businesses can’t afford the cost of any legal claim, let alone an employment practices liability claim, one of the most costly disputes around. Luckily, there are ways to stay on the right side of the law and avoid discrimination and harassment in the workplace.

Recruit and Hire Correctly

It’s illegal to bar certain individuals or groups of people from employment based on race, color, sex, national origin, religion, age, or disability. Your job postings should not contain discriminatory language and should not hint at discrimination.

Be Fair with Dismissals

While there’s nothing wrong with dismissing an employee for legitimate reasons, ‘wrongful termination’ is something to consider. If an employee feels that he or she has been terminated on unfair or prejudice grounds, he or she should file a suit.

Create Written Criteria

Before you make major decisions within the business, make sure you write out criteria on how you plan to evaluate applicants and employees. That way, you’ll have a physical document to guide your decisions and justify your choices if someone questions your motives.

Adopt Clear Harassment Policies

You can’t enforce your business’ harassment policy if it’s not written out. Your policy should clearly state that harassment of any kind won’t be tolerated. All policies should outline disciplinary procedures, instructions on how to file a claim, and details about how an investigation will be documented.

Train Your Team

The best way to avoid harassment and discrimination in the workplace is to teach your team that it is not okay. Ask every member of your team to undergo workplace harassment training, and always intervene if a situation calls for it!

Issues occur all too easily these days. Fortunately, safeguarding your company has never been easier! At Chambers & Company Insurance Brokers, we work with you to understand your risks, exposures, and insurance protection. Visit our team today to get started on securing your policy!

Top Strategies for Shopping for Business Insurance

Strategies for Shopping for Business Insurance

You know you need business insurance. Use this guide to help you get started.

Your business faces plenty of threats, from fire and fraud to dishonest employees and discontented customers. Yet, many businesses lack coverage in some of the most critical areas. To refrain from putting your company in undue stress and exposure, shopping for the right business insurance is a must.

Here are some easy ways to get started.

Do your homework. Find out what risks your business faces, how much your equipment and machinery totals, and note your total business earnings. The more information that you can provide to your insurance agent, the better. He or she will be able to then determine what coverage you may need as well as suggested limits. For example, if you conduct business primarily online, you may need Cyber Liability Insurance coverage, a coverage that has never crossed your mind. If you work in a particularly sensitive industry, you may need Errors and Omissions Insurance coverage.

Search for insurers. Believe it or not, but no two business insurance policies are created equal. Similarly, different insurers won’t offer the same policy at the same rate. Ask for quotes from at least three different insurers and call them up to get a feel for their assistance and processes. Better yet take to the Internet to research reviews and ratings.

Know what is and is not covered. Your insurer will go through your chosen policy, outlining what coverage you have purchased. While this is important, it’s just as important to know what is not covered. For example, your business insurance may not cover flood or earthquake damage, indicating that you should add these policies.

For the protection that you need, visit Chambers & Company Insurance Brokers today. Our professionals are ready to help you secure reliable commercial insurance for your business, whatever your exposures and industry!

Top Strategies for Employee Retention

Strategies for Employee Retention

Use these strategies for employee retention to enjoy a loyal and reliable team.

It’s every manager’s nightmare: One of your best employees resigns out of the blue. Right away, you’ve got a number of challenges to tackle. Not only do you have to find a replacement for such a talented team member, but you also have to consider the impact of this departure on the rest of the staff. Whenever someone walks out of the door, people notice, and some may wonder if they should follow suit. That is why business should have sturdy strategies for employee retention in place. As a manager, this may be one of your more important roles.

Hire the Best

Selecting the right team happens during the hiring process. Take care in the interview process to check out those who are looking for a temporary job and those who are willing to commit to staying. Ask questions about their gaps in work or when they’ve bounced around from job to job.

Recognize a Healthy Work/Life Balance

You can’t expect your employees to function like robots. In order to keep them operating at their most efficient level and keep them from harboring ill will against you or the company, you have to help them to establish a healthy work/life balance. This could be an afternoon off to enjoy team bonding or giving them a long weekend every six months.

Provide Support

Generally, people want to excel at what they do. For this to happen, employers should provide the resources and materials to get the job done. It’s even better if you can provide moral and mental support. Conduct bi-annual reviews of team members to assess their progress, address any concerns, and invite feedback. Employees like to know they’re valued, recognized, and respected.

As a business owner, not only should you work to improve your employee retention, but also to protect the company. When you need help finding the right business insurance coverage for your needs, visit Chambers & Company Insurance Brokers today to get started!

How to Control Your Business Vehicle Risk

Reduce Business Vehicle Risk

Train your drivers how to lower the business vehicle risk while on the roads.

Many businesses across the nation have some sort of vehicle. Whether it’s a single car, van, or entire fleet or trucks, more and more business are going mobile to reach clients and vendors far and wide. When you do own vehicles in your business, it’s easy to purchase commercial auto insurance and be done with it. What you do need to consider, however, is how to minimize business vehicle risk to keep your team and trucks safe on the road.

Write Up Policies and Procedures

When it comes to the safety of your employees and the protection of your vehicles, certain policies should be put into place.

  • Always wear a seatbelt
  • Never drink and drive
  • Refrain from distracted driving
  • Follow company procedures throughout the entire drive
  • Never exceed the maximum speed limit
  • Limit non-business use of vehicles
  • Always lock and secure vehicles when on the job

Perform Motor Vehicle Checks

To ensure that the employees and vehicles are safe throughout their journey, the vehicle should be operating at its best. For this, certain maintenance and check-ups should be completed regularly. From checking the oil, brakes, lights, timing belt, and more, reference the vehicle’s manufacturer guide.

Research Backgrounds Thoroughly

Before hiring on any new members of staff, particularly those who will become drivers, take the time to look into their background. Seek out their references, look at their driving record, and ensure that they have the right training that can support the work fulfillment.

Train Correctly

Employees who regularly drive work vehicles should be provided with sufficient driver training. This course may be a refresher for some, but it should cover key safety practices such as following distances and proper driving techniques.

For the protection you need, visit Chambers & Company Insurance Brokers today. Our professionals are ready to help you secure reliable commercial auto insurance for your business.

The Basics of Directors & Officers Insurance

Basics Directors & Officers Insurance

What you need to know about Directors & Officers Insurance (D&O).

One of the most discussed and least understood insurance products is Directors & Officers Insurance. In short, it is liability insurance that helps to cover defense costs and damages (awards and settlements) arising out of wrongful act allegations and lawsuits brought against an organization’s board of directors and/or officers. Unfortunately, these types of claims have become increasingly common and the higher-up management themselves could be held personally liable, should someone file a claim. To attract and retain qualified executives and board members, it’s important to have this type of insurance.

What can it cover?

Directors and officers are sued for a variety of reasons related to their company roles, including:

  • Breach of fiduciary duty resulting in financial losses
  • Misrepresentation of company assets
  • Misuse of company funds
  • Fraud
  • Failure to comply with workplace laws
  • Theft of intellectual property and poaching of competitor’s customers
  • Lack of corporate governance

Does your business need D&O coverage?

It’s a common misconception that D&O claims are mostly a public business phenomenon. Public, private, and non-profit companies all face D&O litigation risks, so it’s important to safeguard yours no matter what.

Directors & Officers Insurance is right for:

  • Financial institutions
  • Nonprofit organizations
  • Private companies
  • Public companies

Lawsuits are all too common these days. Fortunately, safeguarding your company has never been easier! At Chambers & Company Insurance Brokers, we work with you to understand your risks, exposures, and insurance protection. Visit our team today to get started on securing your policy!

How to Improve Transparency in Business


Adopting and improving transparency in business is helping companies to succeed.

Transparency in business is all the rage these days. It’s all about being open and accountable for your business operations. In today’s society, where employees and customers are expecting more, improving the transparency in your business is not a bad route to follow. In fact, it can actually improve sales, make employees happier at work, and improve the health of your business’s future.

Here are some tips to get you started.

Treat your employees like adults.

Employees aren’t fragile. If you have something to say to them, just say it. Don’t attempt to sugarcoat bad news or beat around the bush – they will know that you’re trying to spare them. Deliver it honestly, and work with them to find a mutual conclusion. Your workforce will appreciate your honesty and openness in the long run.

Don’t fake it.

It’s illogical to expect someone to have the perfect answer in every situation. Sometimes it makes more sense to take a step back and allow another professional to handle the question or situation. People often know when someone is telling the half-truth or fibbing completely, so it’s worth sticking to what you know instead of faking your skills.

Explain your decision.

Whether it’s good or bad news, keep your employees in the loop. Explain to them why you’ve made certain decisions and what you expect out of them moving forward. Be honest, and your employees will understand your motive with clarity.

Respond to clients.

When a customer has a question or concern, aim to address it promptly. No one likes to wait around for days for a company to respond. The better your rapport with the clients, the more likely he or she will be to rate you highly.

As a business owner, not only should you work to improve the transparency of your business, but also to protect it. When you need help finding the right business insurance cover for your needs, visit Chambers & Company Insurance Brokers today to get started!

Three Exposures That Increase Small Business’ Liability


Small business’ liability can create further risk.

Small business owners are aware of the risks that they take when starting out a business. While many just protect with a bare-bones insurance policy, others are unaware of the liability risks that they face. Certain exposures can increase small business’ liability. To reduce risky behavior at your workplace, here are certain liabilities you should work on avoiding.

Exposure: Taking on unfamiliar tasks

Small business owners wear many hats – boss, HR professional, accountant, social media manager, and more. You’re at the helm of your business, but are you really qualified to handle every task? It’s likely that you’re not. Small business owners who complete tasks on which they are wholly unsuited for could risk being sued for negligence, malpractice, and the sort. Take control of your business and delegate tasks that are outside your realm of knowledge and expertise.

Exposure: Hiring and firing without knowing the rules

Every business understands that the employees are the living, breathing workforce that drives a company forward. Hiring and firing without first learning the rules and regulations is a recipe for disaster. Seek out proper advice and legal help before you hire and fire at will. Your business must comply with the federal Equal Employment Opportunity laws, among other essential rules in your area.

Exposure: Not carrying insurance

Whether you’re a new business or you’ve been established for years, you probably need small business insurance of some kind. Talk to your insurance agent to determine the right General Liability Insurance, Workers’ Compensation Insurance, Errors & Omissions Insurance, and Cyber Liability Insurance, among others, that you may need. Even more so, it’s important that you understand the insurance that you buy. Not knowing your coverage and limits could mean that you’re faced with insufficient help down the road.

For the protection that your business needs, visit Chambers & Company Insurance Brokers today. Our professionals are ready to help you secure reliable commercial insurance for your construction project.